Strictly speaking, it is not allowed by CBRC to convert loans into acceptance bills, but it is not illegal. This is the common practice of bank loans at present. This is because the "seven bans" of the China Banking Regulatory Commission prevented the charging of bank loans, and the income of banks decreased. In this way, it bypassed the regulations of the China Banking Regulatory Commission and shifted the loan fees in disguise to raise the loan interest rate. When issuing an acceptance bill, the bank will charge a certain percentage of handling fee to increase the bank handling fee income. This is the purpose, but also has the role of stimulating deposits. At present, banks usually want to make loans and deposit them in the bank first. For example, if you want to borrow 3 million yuan, you need to deposit 3 million yuan first, and then the bank will draw you a draft of 6 million yuan.

For example, at present, the benchmark interest rate of bank loans for more than three years is 6.55%, and banks can increase it by about 20% to 7.89% according to their own conditions, plus a discount rate of about 6%, which constitutes the cost of converting bank loans into acceptance bills.

If you don't need to accept the draft, you still need to bear a discount rate of around 7%.